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2017 | OriginalPaper | Buchkapitel

6. Louis Vuitton’s Art-Based Strategy to Communicate Exclusivity and Prestige

verfasst von : Stefania Masè, Elena Cedrola

Erschienen in: Fashion Branding and Communication

Verlag: Palgrave Macmillan US

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Abstract

The recent global luxury industry has transformed from a constellation of small and medium-sized enterprises to a few large luxury conglomerates. This new structure, along with growing foreign markets such as Asia, has caused an increase in sales volumes, resulting in production that is more industrial than handcrafted. These changes decrease exclusiveness for luxury brands, which may lead to commoditization of the luxury brands in consumers’ eyes.
To alleviate this commoditization, many luxury brands work to communicate exclusivity and prestige through strategic arts sponsorships, philanthropic activities, and limited collections in collaboration with artists. These activities binding luxury brands with the art world constitute an art-based strategy named artification. This approach is described via the behavior of luxury brand Louis Vuitton, with a particular focus on the relationship that links the French luxury brand together with the contemporary Japanese artists Takashi Murakami and Yayoi Kusama. Via a qualitative analysis, we identify how these art-based strategies utilize different contact points with the art world, ranging from sponsorships to advertising to product design, in order to communicate an image of exclusiveness and prestige for luxury brands.

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Fußnoten
1
Commoditization is a threat throughout a company: “its competitive position being eroded so that it can no longer command a premium price in its market. Whether caused by a new low-cost competitor (such as fashion’s Zara), new product innovation […] or the introduction of multiple substitutes and imitators” (DʼAveni, 2010, p. 2).
 
2
One of the most acclaimed artists to emerge from post-war Asia, Takashi Murakami—the Warhol of Japan—is known for his contemporary Pop synthesis of fine art and popular culture. Born in Tokyo in 1962, the artist still operates in the Japanese capital (Artsy, 2016a).
 
3
Avant-garde Japanese artist Yayoi Kusama was an influential figure in the post-war New York art scene, staging provocative happenings and exhibiting works such as her “Infinity Nets.” Born in 1929 in Matsumoto City, the Japanese artist is still active in Tokyo (Artsy, 2016b).
 
4
Operating in Europe, the Americas, Asia, and the Middle East, the selective retailing houses are active in two spheres: retail designed for international traveler customers (DFS and Miami Cruiseline), and selective retailing concepts represented by Sephora, the most innovative name in the world of beauty, and Le Bon Marché Rive Gauche, the department store with a unique atmosphere located in Paris.
 
5
Journeys are one of the core essences of LV brands. As travelling is a style of life, LV presents itself as a brand that transforms the act of travelling into an art.
 
6
A vast majority of the workforce is composed of skilled operators called maroquiniers, representing the direct workforce.
 
7
A capsule collection is essentially a condensed version of a designer’s version, often limited edition, which transcends seasons and trends (Morton, 2016).
 
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Metadaten
Titel
Louis Vuitton’s Art-Based Strategy to Communicate Exclusivity and Prestige
verfasst von
Stefania Masè
Elena Cedrola
Copyright-Jahr
2017
DOI
https://doi.org/10.1057/978-1-137-52343-3_6